109
109
tv
eye 109
favorite 0
quote 0
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer confidence plunge to the lowest level since 2008. we've seen mortgages held up by thousands of home buyers who aren't sure about the economic situation out there. and all this adds to our deficit. it doesn't subtract from it. so we can't afford these manufactured crises every few months. as i've said, this one isn't even about deficits or spending or budgets. our deficits are falling at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. that democrats were willing to put votes on just to
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer...
73
73
Feb 10, 2013
02/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
we would replace that sequester with deficit reduction achieved over a longer time. >> you, in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get closer to the date there is more and more anxiety, understandably. they are trying to provide notice to employees about things that can be expected, but the problem is it affect each agency differently, so there is not one rule of thumb that will apply to every federal agency. part of the impact will depend on the extent to which employees make up most of the budget, as opposed to agencies that have more of a procurement budget or their budget is contracted out. i should emphasize that while it will hit federal employees and that is not good for anyone, that will hurt -- it will hurt around the country. let's ta
we would replace that sequester with deficit reduction achieved over a longer time. >> you, in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get...
103
103
Oct 8, 2013
10/13
by
WMAR
tv
eye 103
favorite 0
quote 0
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer confidence plunge to the lowest level since 2008. we've seen mortgages held up by thousands of home buyers who aren't sure about the economic situation out there. and all this adds to our deficit. it doesn't subtract from it. so we can't afford these manufactured crises every few months. as i've said, this one isn't even about deficits or spending or budgets. our deficits are falling at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. that democrats were willing to put votes on just to
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer...
97
97
tv
eye 97
favorite 0
quote 0
into record deficits. and that's a fact. but we have to go to a break right now. when we can continue this when we come back. david, in a minute, i also want to ask you about the latest proof that voters, including many republicans are getting sick of these antics. they're tired of being pushed around by the tea party. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with ou
into record deficits. and that's a fact. but we have to go to a break right now. when we can continue this when we come back. david, in a minute, i also want to ask you about the latest proof that voters, including many republicans are getting sick of these antics. they're tired of being pushed around by the tea party. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our...
49
49
Oct 9, 2013
10/13
by
CSPAN
tv
eye 49
favorite 0
quote 0
we have cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we are producing more oil than we are importing. so we got a lot of good things going for us, but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. you have seen consumer confidence plunge to the lowest level since 2008. you have seen mortgages held up by thousands of home buyers who aren't sure about the economic situation out there. and all this adds to our deficits. it doesn't subtract from it. so we can't afford these manufactured crises every few months. as i said, this one isn't even about deficits or spending or budgets. our deficits are falling at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. the democrats were willing to youput votes on to
we have cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we are producing more oil than we are importing. so we got a lot of good things going for us, but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. you have seen consumer...
52
52
Mar 2, 2013
03/13
by
CSPAN
tv
eye 52
favorite 0
quote 0
but that the deficit reduction alone is not an economic policy. part of the challenge that we have had here is not only congress but washington, generally, spends all of its time talking about deficits and does not spend a lot of time talking about how to create jobs, so i want to make sure we are talking about both. i think, for example, we could put a lot of people back to work, rebuilding our roads and bridges. we know we are going to have to do it. i went to a bridge that connects john boehner's state to mitch mcconnell's state -- how do we do it? how do we create jobs that will be good for businesses and improve commuter safety? that has to be part of the conversation, not just about cutting and spending. what i want to do is make sure we are constantly focused, that are true north is looking at how to make american families succeed. deficit-reduction is part of that agenda, but it is not the only part, and i do not want us to be paralyzed because we disagree on this one thing. as i already said to jessica, over time, perhaps after republican
but that the deficit reduction alone is not an economic policy. part of the challenge that we have had here is not only congress but washington, generally, spends all of its time talking about deficits and does not spend a lot of time talking about how to create jobs, so i want to make sure we are talking about both. i think, for example, we could put a lot of people back to work, rebuilding our roads and bridges. we know we are going to have to do it. i went to a bridge that connects john...
141
141
Oct 8, 2013
10/13
by
KNTV
tv
eye 141
favorite 0
quote 0
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america is poised to become the number one energy producer in the world this ye. this year for the first time in a very long time we're producing more oil than we're importing. we've got a lot of good things going for us, but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer confidence plunge to the lowest level sense 2008. you've seen mortgages held up by thousands of home buyers who weren't sure about the economic situation out there. all this adds to our deficit. it doesn't subtract from it. so we can't afford these manufactured crisises every few months. as i said, this one isn't even about deficits or reductions. our deficit is falling at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. democrats were willing to put votes on just to make sure the governme
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america is poised to become the number one energy producer in the world this ye. this year for the first time in a very long time we're producing more oil than we're importing. we've got a lot of good things going for us, but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer confidence...
118
118
tv
eye 118
favorite 0
quote 0
deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and anotr 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than median family income was about $38,000. $38,000. today it is $62,000. we will pretend that looks like a two and that looks like a six. we haven't done too well, more than half a century in raising a the median income ine this country and that is something he is right about, we do have to fix that. imagine this, it's got a nobel prize. the unions made up 24% read today that number a rather convenient because a reduction by half of 12% right now. it tells which were the country is moving in this nostalgia for a 91% tax rate. i want you t
deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and anotr 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than...
64
64
tv
eye 64
favorite 0
quote 0
last year i signed into law a $1.7 trillion in deficit reduction there will be more deficit reduction as congress decides what to do about the automatic spending cuts that we have now delayed for two months. as i have demonstrated throughout the past several weeks, i am very open to compromise i believe that we have to find ways to reform the program. there is further spending that we can eliminate in government. but we can't simply cut away to prosperity. cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can take advantage of loopholes and deductions that aren't available to most americans. and we can't keep putting things like basic research and new technology and still expect to succeed in the 21st century economy.. we have to do it in a balanced way. even as we get a handle on our spending. i will not have another debate with this congress over whether or not they should pay the bills that they have wrapped up through the laws they pass. we cannot pay bills we have already incurred. the consequences wou
last year i signed into law a $1.7 trillion in deficit reduction there will be more deficit reduction as congress decides what to do about the automatic spending cuts that we have now delayed for two months. as i have demonstrated throughout the past several weeks, i am very open to compromise i believe that we have to find ways to reform the program. there is further spending that we can eliminate in government. but we can't simply cut away to prosperity. cutting spending has to go...
33
33
Oct 8, 2013
10/13
by
CNBC
tv
eye 33
favorite 0
quote 0
all this adds to our deficits, doesn't subtract from it. we can't afford these manufactured crises every few months. as i said this isn't even about deficits or spending or budgets. our deficits are spending at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. that democrats were willing to put votes on to make sure the government was open while negotiations took place for a longer term budget. the way we got to this point was one thing and one thing only and that was republican obsession with dismantling ated forble care act and denying health care to millions of people. that law ironically is moving forward. so, americans democrats and republicans agree health care should not have anything to do with keeping our government open or paying our bills on time which is why i will sit down and work with anyone of any party, the not only to talk about the budget but ways to improve the health care system. i'll talk about ways we can shrink our long-term deficits. i'll also want t
all this adds to our deficits, doesn't subtract from it. we can't afford these manufactured crises every few months. as i said this isn't even about deficits or spending or budgets. our deficits are spending at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. that democrats were willing to put votes on to make sure the government was open while negotiations took place for a longer term budget. the way we got to this point was...
93
93
Apr 13, 2013
04/13
by
CSPAN2
tv
eye 93
favorite 0
quote 0
reduction and the best way for us to get out of the deficit, the reduce the deficit is to actually get back into making sure we are educating our work force, creating a work force of tomorrow that is better prepared to compete in world and to regain our position as the copper base of production on this planet so thank you very much. >> the gentleman's time has expired. gentleman from south carolina. >> thank you, mr. chairman for being here. i appreciate very much your willingness to come and put your life on the president's budget for us. i want to start, when i say balanced hymie revenues should be equal to expenses or expenses -- when you say balance we need to have a tax. >> when i say balance, spending cuts and revenue as a balanced approach. >> you mean -- >> not a tax rate that tax reform. >> taxpayers -- >> by closing loopholes. >> when listeners hear you say balance the need to think tax increase because that is what we're talking about. >> the right way to think of it is a balanced approach which is spending cuts. >> right where wrong way -- >> to review the record -- >> to y
reduction and the best way for us to get out of the deficit, the reduce the deficit is to actually get back into making sure we are educating our work force, creating a work force of tomorrow that is better prepared to compete in world and to regain our position as the copper base of production on this planet so thank you very much. >> the gentleman's time has expired. gentleman from south carolina. >> thank you, mr. chairman for being here. i appreciate very much your willingness...
178
178
Oct 16, 2013
10/13
by
CNN
tv
eye 178
favorite 0
quote 0
it's the -- it's the right thing to do when it comes to deficit redukds. it's the right thing to do when it comes to ensuring that the best and the brightest from around the world who come here and get an education stay here and start businesses. it's the right thing to do when it comes to further strengthening our border security. so there's something in that bill for everyone. which is why it's the right thing for america. john. >> reporter: one got to try on phone conversations. when is the last time the president spoke to the speaker of the house? >> i don't have any new conversations to read out to you. as i've noted many times, so don't read anything specific into this, the president has conversations with members of congress that we do not read out in all cases. so at this time, i have no readouts to provide. >> reporter: does the president have an aassurance from the speaker of the house that the house will vote on this? >> i would refer to you the house in terms of actions that the house may or may not take be. >> reporter: does the president expe
it's the -- it's the right thing to do when it comes to deficit redukds. it's the right thing to do when it comes to ensuring that the best and the brightest from around the world who come here and get an education stay here and start businesses. it's the right thing to do when it comes to further strengthening our border security. so there's something in that bill for everyone. which is why it's the right thing for america. john. >> reporter: one got to try on phone conversations. when...
51
51
Feb 24, 2013
02/13
by
KQED
tv
eye 51
favorite 0
quote 0
the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you go bankrupt? two ways. first slowly, then suddenly. something could happen, it could be very serious. nobody knows. the financial markets could lose confidence in the american economy, then we ode have a major thing. something has to be done. >> was that your take or did he really say that? >> no, no, did he say that. >> the first graphic you showed, do we really think, eleanor, out of those 74% they think the only way to do it is cut taxes? they want to see spending cuts and that we have not seen the president offer yet. >> he has tot
the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you...
61
61
Sep 26, 2013
09/13
by
CNN
tv
eye 61
favorite 0
quote 0
we should deal with them, but the fact is you won't give the president credit for reducing the deficit. >> i want to ask an a la cart question. if everything that stephanie objects to is tripped out, the debt ceiling comes out and all it has is the repeal of the tax on medical technology, which is what an anti-innovation and anti-jobs tax, and particularly hits minnesota. >> it hits minnesota. >> if it has one thing on it over and above the debt ceiling, which is the repeal of that tax? >> you know . >>> we haven't talk about the shutdown. we've been talking about a lot of other stuff, but the shutdown, we can negotiate over that kind of stuff. again, i know that to get a deal, i'm going to have to vote for stuff i sure don't like, cory, and so are you, but we have a situation where it's my way or the highway. >> remember the budget control act went through? it was passed. >> i remember it. >> come on, come on. cory, no. >> we can talk about the opportunities to work together, but then the they made changes as necessary. they want to get the law a chance. i have a very specific questio
we should deal with them, but the fact is you won't give the president credit for reducing the deficit. >> i want to ask an a la cart question. if everything that stephanie objects to is tripped out, the debt ceiling comes out and all it has is the repeal of the tax on medical technology, which is what an anti-innovation and anti-jobs tax, and particularly hits minnesota. >> it hits minnesota. >> if it has one thing on it over and above the debt ceiling, which is the repeal of...
85
85
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 85
favorite 0
quote 0
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply agreeing to pay its bills. that is not their payoff. they see it as a historic responsibility to end the dawning precedent that minorities in congress can hold up the u.s. in the debt limit. so it will be up to boehner and connor to decide the deficit package and spending cuts and revenue, or taking the whole country into default. and i don't think they will choose default. for a couple of reasons here. first, the republicans are not nearly as crazy as the tea party would have you believe. in the end, they were not even willing to go over the fiscal cliff. and
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply...
62
62
Jul 30, 2013
07/13
by
CSPAN
tv
eye 62
favorite 0
quote 0
the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do -- [laughter] if you can make -- wave a magic wand and put the politics out of the window, because of opportunity costs, there is only so much political oxygen. room,d put you two in a michael linden, dean baker, people from very different views but who all share -- and some conservatives, that's right. and say, what you came out with is what we would do. so, it would not absorb the political oxygen that we need right now, but that we have a backloaded plan that would get us to fiscal sustainability that was balance. i think there are enough people in town that would go there. >> on the aisle. go ahead. my name is
the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do --...
124
124
Mar 1, 2013
03/13
by
CNNW
tv
eye 124
favorite 0
quote 0
>> well, look, we've already cut $2.5 trillion in our deficit. everybody says we need to cut $4 trillion. which means we have to come up where another trillion and a half. the vast majority of the economists agree that the problem when it comes to deficits is not discretionary spending, it's not that we're spending too much money on education, it's not that we're spending too much money on job training or that we're spending too much money rebuilding our roads and our bridges. we're not. the problem that we have is a long term problem in terms of our health care costs. and programs like medicare. and what i've said very specifically, very detailed, is that i'm prepared to take on the problem where it exists on entitlements and do some things that my own party really doesn't like if it's part of a broader package of sensible deficit reduction. so the deal that i've put forward over the last two years, the deal that i put forward as recently as december, is still on the table. i am prepared to do hard things and to push my democratic friends to do
>> well, look, we've already cut $2.5 trillion in our deficit. everybody says we need to cut $4 trillion. which means we have to come up where another trillion and a half. the vast majority of the economists agree that the problem when it comes to deficits is not discretionary spending, it's not that we're spending too much money on education, it's not that we're spending too much money on job training or that we're spending too much money rebuilding our roads and our bridges. we're not....
57
57
tv
eye 57
favorite 0
quote 0
but we're not finished in terms of the whole long-term deficit reduction, debt reduction, that comes to play with rating agents is ahead of us, but the tax was such a big uncertainty, now we know the rules of at least that part of the game. neil: what about their attitude? a crowd that is in the top tier. they have higher taxes, it has to affect their psyche. >> not only that, but much has been said that taxes are not going up on the majority. but lost in the shuffle is payroll tax, some say that is just 2%, that is 4.2 to 6.2, that is a 50% increase. consumer confidence has remained resilient. when the rubber hits road, and they get the check, we have to see whether we get a until on dent. neil: do you see is happening? >> not sure. the good news is that things that tend from track with consumer confidence like housing and energy prices and job growth have all been trending to the better, if they continue to provide the offset we may be able to manage the wow, my paycheck is less. but it will make at least a little bit of a dent. neil: all right, liz great to see you again. presiden
but we're not finished in terms of the whole long-term deficit reduction, debt reduction, that comes to play with rating agents is ahead of us, but the tax was such a big uncertainty, now we know the rules of at least that part of the game. neil: what about their attitude? a crowd that is in the top tier. they have higher taxes, it has to affect their psyche. >> not only that, but much has been said that taxes are not going up on the majority. but lost in the shuffle is payroll tax, some...
85
85
Jan 2, 2013
01/13
by
MSNBCW
tv
eye 85
favorite 0
quote 0
it issue on the budget deficit and an ability to project how much the deficit will grow on an annual basis. this deal is getting rid of this problem entirely. you're seeing now congress won't have to deal with it in the future. it will have an impact on how much budget deficits grow in the future and, as you saw, the price tag of this deal could potentially be in the $4 trillion range, largely because of this permanent amt repeal. >> there's one more piece of this that we talked about going into the negotiations for this over the weekend and that's what it would mean for the unemployeds long-term benefits. they will be extended now for about 2.1 million americans but just for a year, right? >> that's right. this will be a fight that will come up again, no doubt about it. but this was a big priority for the white house and for senate democrats. they're pushing hard to get this included in the package. and they did. but we'll see this again when they do come time to expire, there's concern about how much -- that will also add to the deficit. this will certainly replay itself. >> thank
it issue on the budget deficit and an ability to project how much the deficit will grow on an annual basis. this deal is getting rid of this problem entirely. you're seeing now congress won't have to deal with it in the future. it will have an impact on how much budget deficits grow in the future and, as you saw, the price tag of this deal could potentially be in the $4 trillion range, largely because of this permanent amt repeal. >> there's one more piece of this that we talked about...
101
101
Oct 8, 2013
10/13
by
KTVU
tv
eye 101
favorite 0
quote 0
it would have done with long-term deficit programs, it would have boosted confidence. at that time i think house republicans had just taken over, they were fielding their anothers and thinking that we don't have to compromise. and we came pretty close to default. and we saw the impacts of that. i thought they would have learn from that. we cannot put the people and the american economy through that ringer again. so that is the reason why i've been very clear that we are not going to negotiate around the debt ceiling. it has to be dealt with in a reasonable fashion. in the past it has been dealt with all the time. the truth of the matter is if you look at the history people posture about the debt ceiling frequently but the way it often got passed it you stick it on to a budget negotiation once it was completed because people figured well i don't want to take a bunch of votes to cut programs or raise taxes and also take a debt ceiling vote. but it wasn't a situation in which, what if i don't get what i want? i will let us default. so as a consequence, i said that we're n
it would have done with long-term deficit programs, it would have boosted confidence. at that time i think house republicans had just taken over, they were fielding their anothers and thinking that we don't have to compromise. and we came pretty close to default. and we saw the impacts of that. i thought they would have learn from that. we cannot put the people and the american economy through that ringer again. so that is the reason why i've been very clear that we are not going to negotiate...
167
167
Jan 5, 2013
01/13
by
KQEH
tv
eye 167
favorite 0
quote 0
government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per household is more than 10 times the median family income. of course, we can go on whistling in the dark, until we run into the reality of a crisis we sometimes hear vaguely mentioned. when it is mentioned at all. unquote. >> that was an earlier column. have you had a chance to sleep on this? do you want to retract any of that? >> that is pretty scary stuff, mort? >> it is scary stuff. and i think a lot of people who who have followed this issue closely share the same view. this is not something i dreamt up. this is a very serious problem facing this country. and an
government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per...
70
70
Oct 3, 2013
10/13
by
ALJAZAM
tv
eye 70
favorite 0
quote 0
we've cut the deficits in half since i took office. some of the things the republicans are asking for right now would actually add to our deficits. seriously. so this is not about spending and this is not about fiscal responsibility. this whole thing is about one thing. the republican obsession with dismantling the affordable care act and denying affordable health insurance to millions of americans. that's all this has become about. that seems to be the only thing that unites the republican party these days. through this whole fight they've said, the american people don't want obamacare, so we should shut down the government to repeal it or delay it. but here's the problem. the government's now shut down, but the affordable care act is still open for business. so they're not even accomplishing what they say they want to accomplish. in the first two days since the new marketplace, basically big group plans we've set up, the first two days they opened, websites where you can compare and purchase new affordable insurance plans and maybe g
we've cut the deficits in half since i took office. some of the things the republicans are asking for right now would actually add to our deficits. seriously. so this is not about spending and this is not about fiscal responsibility. this whole thing is about one thing. the republican obsession with dismantling the affordable care act and denying affordable health insurance to millions of americans. that's all this has become about. that seems to be the only thing that unites the republican...
171
171
Oct 8, 2013
10/13
by
KPIX
tv
eye 171
favorite 0
quote 0
it was at a time when because we were still responding to the recession, deficits were high, people were concerned about it, and i thought it was my obligation to meet him halfway. and so we had a whole series of talks, and at that point at least, nobody had any belief that people would come close to things for default. i don't regret having entered into those negotiations and we came fairly close. and whenever i see john boehner to this day, i still say should have taken the deal i offered you back then. which would have dealt with our long term deficit problems, would not have impeded growth as much, would have really boosted confidence. but at that time i think house republicans had just taken over. they're feeling their oats and thinking we don't have to compromise. and we came pretty close to default. and we saw the impacts of that. i would have thought that they would have learned the lesson from that as i did, which is we can't put the american people and our economy through that ringer again. so that's the reason why i've been very clear, we're not going to negotiate with the deb
it was at a time when because we were still responding to the recession, deficits were high, people were concerned about it, and i thought it was my obligation to meet him halfway. and so we had a whole series of talks, and at that point at least, nobody had any belief that people would come close to things for default. i don't regret having entered into those negotiations and we came fairly close. and whenever i see john boehner to this day, i still say should have taken the deal i offered you...
94
94
Jan 6, 2013
01/13
by
CSPAN
tv
eye 94
favorite 0
quote 0
all of the deficit finance. we will add $64 million this year to reduce the deficit. many of us feel deficit does not matter. there is in fish section of our country. we will have none of those resources after we make this vote tonight. we set of three more fiscal cliffs. we have to back on this night and regret it. 95% of that will go forward. thank you. >> i know at 0 you one minute. >> region of you one minute. >> a rise today to show you this bill. we have two choices. we prevent us from going over the cliff or we go over the cliff. it never should have come to this. we should have been negotiating a passing a balanced. the american people are fed up with what they see. harry truman back in 1948 when he was running for president, a campaign against it. this past three times as many bills. here are at the last minute. we are rushing. as i commend president obama for protecting the middle class. we are going to have to work and meet in a sensible center. the american people do not want it. president obama won reelection campaigning for the middle class. >> i've neve
all of the deficit finance. we will add $64 million this year to reduce the deficit. many of us feel deficit does not matter. there is in fish section of our country. we will have none of those resources after we make this vote tonight. we set of three more fiscal cliffs. we have to back on this night and regret it. 95% of that will go forward. thank you. >> i know at 0 you one minute. >> region of you one minute. >> a rise today to show you this bill. we have two choices. we...
93
93
Dec 11, 2013
12/13
by
CNNW
tv
eye 93
favorite 0
quote 0
>> not at all. >> he's saying it does bring down deficit -- >> he's saying that the deficit is reduced ten years from now instead of today. what we're doing is increasing spending today for the 2014 and 2015 years, with promising of spending reductions ten years from now. that's constitutionally what the sequester was. >> what does the word bipar sanship mean to you and the tea party? >> what it means to me is we can come osteoto do things for the american people. this doesn't do anything for the american people. it just increases spending. >> congressman becerra, democrats are not completely aligned with this bill, either. there seems to be a fissure. democracy for america sent out an e-mail telling democrats not to vote for it. with progressives like elizabeth warren, phil deblass i don't, van jones over here, trying to bring the party further leftward, aren't you worried that democrats who vote for this are going to be communicating that they're vu lip service to the progressive values that they talk about? >> no, not really. what democrats are saying and what a lot of progressive d
>> not at all. >> he's saying it does bring down deficit -- >> he's saying that the deficit is reduced ten years from now instead of today. what we're doing is increasing spending today for the 2014 and 2015 years, with promising of spending reductions ten years from now. that's constitutionally what the sequester was. >> what does the word bipar sanship mean to you and the tea party? >> what it means to me is we can come osteoto do things for the american people....
109
109
Jan 3, 2013
01/13
by
MSNBCW
tv
eye 109
favorite 0
quote 0
new policies under president obama have added $1.44 trillion with the deficit. why all of this obsession with the deficit now when bush was running away with two unpaid-for wars and driving the deficit deeper and deeper in the hole. >> you know, reverend al, i'm so glad you pointed that out. i remember how we got into this sea of red ink. it hadn't been that long ago. bill clinton had balanced the budget. we had a budget surplus. and then, george w. bush came into office and threw all of that overboard. tax cuts for the rich, two wars and, during that period, dick cheney said reagan showed us that deficits don't matter. and the very people that are now insisting on a fight over the debt ceiling, boehner, cantor, et al voted repeatedly to raise the debt ceiling when george w. was president. are they hypocrites? you betchya. >>> if they wanted to cut spending, why don't they talk about cutting defense? cutting the pentagon? that's 30% of the federal budget. we are winding down two wars. but do you hear them talking about cutting defense? no, you don't. they just w
new policies under president obama have added $1.44 trillion with the deficit. why all of this obsession with the deficit now when bush was running away with two unpaid-for wars and driving the deficit deeper and deeper in the hole. >> you know, reverend al, i'm so glad you pointed that out. i remember how we got into this sea of red ink. it hadn't been that long ago. bill clinton had balanced the budget. we had a budget surplus. and then, george w. bush came into office and threw all of...
65
65
Jan 2, 2013
01/13
by
WUSA
tv
eye 65
favorite 0
quote 0
the fact is that the deficit is still too high. and we are still investing too little and the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting americans back to work, rebuilding our roads and bridges, and providing investments in areas like education and job training. unfortunately there was not enough support or time for the large agreement in the laying duck session of congress. and that failure will come with a cost as the messy nature of the process over the past several weeks, they have made the business more uncertain and consumers less confident. but we are continuing to chip away at this problem, step by step. last year i signed into law about $1.7 trillion in the deficit reduction. it further reduces the deficit by raising $226 billion from the wealthiest households in america and there will be more deficit reduction as congress, they decide
the fact is that the deficit is still too high. and we are still investing too little and the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting americans back to work, rebuilding our roads and bridges, and providing investments in areas like education and job training. unfortunately there was not enough support or...
116
116
Jan 2, 2013
01/13
by
CNNW
tv
eye 116
favorite 0
quote 0
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or time for that kind of large agreement in a lame duck session of congress. and that failure comes with a cost, as the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step by step. last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america and there will be more deficit reduction as congress de
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or...
45
45
Oct 9, 2013
10/13
by
CSPAN
tv
eye 45
favorite 0
quote 0
to pursue one kind of deficit reduction. you would not be allowed to both do targeted cuts which we should do and cuts to tax breaks. we talked about big oil company subsidies. you've got big wall street hedge fund owners who get a much lower tax rate than the ordinary americans. under this legislation, you couldn't reduce the deficit by one penny by closing some of the tax breaks. >> absolutely. in this nation, one percent of the people in this country have hijacked the middle class. that is what my colleagues on the democrat side are trying to do -- that is increase the middle class and widen it so this nation could go forward. i don't imagine that harry reid will let it reach the pilot his desk. i think it is important for the people to know that a partial list of bipartisan budget negotiations since 2010 -- there have been commissions that people forget. the cantor-biden talks, the obama-boehner debt ceiling negotiations, the gang of six talks, the supercommittee, the obama fiscal cliff stalks. every one of them went now
to pursue one kind of deficit reduction. you would not be allowed to both do targeted cuts which we should do and cuts to tax breaks. we talked about big oil company subsidies. you've got big wall street hedge fund owners who get a much lower tax rate than the ordinary americans. under this legislation, you couldn't reduce the deficit by one penny by closing some of the tax breaks. >> absolutely. in this nation, one percent of the people in this country have hijacked the middle class....
42
42
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 42
favorite 0
quote 0
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply agreeing to pay its bills. that is not their payoff. they see it as a historic responsibility to end the dawning precedent that minorities in congress can hold up the u.s. in the debt limit. so it will be up to boehner and connor to decide the deficit package and spending cuts and revenue, or taking the whole country into default. and i don't think they will choose default. for a couple of reasons here. first, the republicans are not nearly as crazy as the tea party would have you believe. in the end, they were not even willing to go over the fiscal cliff. and
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply...
125
125
Jan 4, 2013
01/13
by
CSPAN
tv
eye 125
favorite 0
quote 0
jobs here at home and in the prosperity of our people, as we build our infrastructure and reduce the deficit. we must ensure that innovation rests at the heart of our success, that we remain first in science, technology, engineering and energy, that we educate and prepare our young people for the opportunities of tomorrow, and when we "make it in america" all of america's families can make it in america. [applause] the strength of our democracy also demands that we restore the confidence of the american people in our political process. we must empower the voters, we must remove obstacles of participation in our democracy for all americans. we must increase the level of civility and reduce the role of money in our elections. when we do, when we do we will elect more women, more minorities, more young people to public office and that's a good thing. the american people are what make our country great. by and large the united states is a nation of immigrants -- built, enriched, and strengthened by men, women, and children who share our patriotism and seek the american dream. the strength of our
jobs here at home and in the prosperity of our people, as we build our infrastructure and reduce the deficit. we must ensure that innovation rests at the heart of our success, that we remain first in science, technology, engineering and energy, that we educate and prepare our young people for the opportunities of tomorrow, and when we "make it in america" all of america's families can make it in america. [applause] the strength of our democracy also demands that we restore the...
69
69
Oct 8, 2013
10/13
by
MSNBC
tv
eye 69
favorite 0
quote 0
you couldn't pay the debt service on the deficit any more. we would have to cut spending pretty quickly if this dragged on at all. this would take recovery into recession. bad for the bond market, bad for the stock market. >> the debt ceiling or debt limit has a bad name debt limit sounds like a good thing. sounds like you had a good limit on debt. without that cliff attached to it as bernanke did, without that little verbal trick, it would have been very hard to exprez to people that something dangerous was coming. making them realize that they have some serious risks in this if they have mortgages and car loans. >> it's a terrible name and idea. we should get rid of it. a lot of people hear this and they say this will put some restraint on the future. congress has already voted for programs they have committed to borrowing this money. so the debt ceiling is only a declaration that we will actually pay our debts. it would be nice if one result of the crisis is if congress would abolish the idea of a debt ceiling all together. it is an antiqu
you couldn't pay the debt service on the deficit any more. we would have to cut spending pretty quickly if this dragged on at all. this would take recovery into recession. bad for the bond market, bad for the stock market. >> the debt ceiling or debt limit has a bad name debt limit sounds like a good thing. sounds like you had a good limit on debt. without that cliff attached to it as bernanke did, without that little verbal trick, it would have been very hard to exprez to people that...
177
177
Jan 2, 2013
01/13
by
CNNW
tv
eye 177
favorite 0
quote 0
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or time for that kind of large agreement in a lame duck session of congress. and that failure comes with a cost, as the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step by step. last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america and there will be more deficit reduction as congress de
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or...
38
38
Jan 2, 2013
01/13
by
MSNBCW
tv
eye 38
favorite 0
quote 0
the fact is, the deficit is still too high. and we are still investing too little in the things that we need for the economy to grow as fast as it should. that's why speaker boehner and i tried to negotiate a larger agreement that would put this country on a path to paying down its debt and also putting americans back to work, rebuilding roads and bridges and providing investments in areas like education and job-training. unfortunately, that just wasn't enough support or time for that kind of large agreement in a lame-duck session of congress. that failure comes with a cost. the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step-by-step. last year i signed into law $1.7 trillion in deficit reduction. tonight could the agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america, and there will be more deficit reduction as congress decides what to do abo
the fact is, the deficit is still too high. and we are still investing too little in the things that we need for the economy to grow as fast as it should. that's why speaker boehner and i tried to negotiate a larger agreement that would put this country on a path to paying down its debt and also putting americans back to work, rebuilding roads and bridges and providing investments in areas like education and job-training. unfortunately, that just wasn't enough support or time for that kind of...
111
111
Oct 8, 2013
10/13
by
CNBC
tv
eye 111
favorite 0
quote 0
the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that something else that ee going to happen that will keep us from defaulgt on our national debt? >> a simple conversation between the two sides that sees things differently. right now that's the only thing that's missing. we invite harry reid. our appointees have been sitting at the table now for over a week waiting for senate negotiators to show up and they have not yet shown up. >> and they have said they will not do that until there's a continuing resolution and a debt ceiling bill passed in the house but you're saying that's not going happen until
the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that...
140
140
Jan 2, 2013
01/13
by
CNNW
tv
eye 140
favorite 0
quote 0
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or time for that kind of large agreement in a lame duck session of congress. and that failure comes with a cost, as the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step by step. last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america and there will be more deficit reduction as congress de
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or...
83
83
Feb 16, 2013
02/13
by
CSPAN
tv
eye 83
favorite 0
quote 0
that being the case, and if we look at the deficit in 2008 at about $450 million and the deficit in 2012 at $1.30 trillion with revenue returning essentially to 2008 levels, is it not true that the thing is driving -- the thing that is driving the deficit to a greater degree is not that the revenues are lower than they have been but that spending is higher than it has been? is that an accurate statement? >> certainly in dollar terms, you are right that spending is going up very sharply. the problem you and your colleagues face is the perspective of many americans who are now starting to retire, the fact that there are many more of them than there were beneficiaries 10 or 20 years ago. it appears to them as an excess in the benefits they are getting, but it turns out you take the level and multiplied it by a lot more people that the aggregate spending goes up, and that is the challenge you and your colleagues face. >> it is indeed, and we look forward to working through a budgetary process that will secure those programs as opposed to moving in the direction of essentially lopping off pro
that being the case, and if we look at the deficit in 2008 at about $450 million and the deficit in 2012 at $1.30 trillion with revenue returning essentially to 2008 levels, is it not true that the thing is driving -- the thing that is driving the deficit to a greater degree is not that the revenues are lower than they have been but that spending is higher than it has been? is that an accurate statement? >> certainly in dollar terms, you are right that spending is going up very sharply....
112
112
Oct 1, 2013
10/13
by
ALJAZAM
tv
eye 112
favorite 0
quote 0
although i should add that this shutdown is not about spending or deficits or budgets, our deficits are falling the fastest in 50 years. we've cut them in half since i took office. the demands that republicans are making would raise our deficits. so this shutdown is not about deficits, it's not about budgets, this shutdown is rolling back our efforts to provide health insurance to folks who don't have it. it's all about rolling back the affordable care act. this more than anything else seems to be what the learn party stands for these days. i know it's strange that one party would make keeping people uninsured the centerpiece of their agenda. that apparently is what it is. of course what is stranger still is that is shutting down our government doesn't accomplish their stated goal. the affordable care act is a law that passed the house, it spaed the senate. the supreme court ruled it constitutional. it is settled, and it is here to stay. and because of its funding sources it's not impacted by a government shutdown. these americans are here with me today because even though the governmen
although i should add that this shutdown is not about spending or deficits or budgets, our deficits are falling the fastest in 50 years. we've cut them in half since i took office. the demands that republicans are making would raise our deficits. so this shutdown is not about deficits, it's not about budgets, this shutdown is rolling back our efforts to provide health insurance to folks who don't have it. it's all about rolling back the affordable care act. this more than anything else seems to...
92
92
Jan 3, 2013
01/13
by
CURRENT
tv
eye 92
favorite 0
quote 0
. >> eliot: the reason why we're running the deficit right now is because spending went up 21% to 22% of gdp but then revenues want down from 19 to 15, what we've done in this tax bill, i don't think we'll get to 15, the revenue probably won't get to 17% of gdp and the deficit of the gdp is not sustainable and that means government will shrink beyond what rational folks like you and i will agree to. i'm not quite sure why the president in his grand scheme in consension of government agreed to this deal. how do you see the debt ceiling play out in the next couple of weeks. >> well, in the next couple of months. it won't come to a good end. if the president holds firm as he said he would he said that in the past as well, then i think it's possible to follow on our debt. we'll get to the debt ceiling and not extend it, which we've never done. the constitution prohibits for forbids. if you want to talk about how the market will react what it will do to the economy that, will do more damage than letting the bush tax cuts expire. >> eliot: it will be very hard but we asked for that second r
. >> eliot: the reason why we're running the deficit right now is because spending went up 21% to 22% of gdp but then revenues want down from 19 to 15, what we've done in this tax bill, i don't think we'll get to 15, the revenue probably won't get to 17% of gdp and the deficit of the gdp is not sustainable and that means government will shrink beyond what rational folks like you and i will agree to. i'm not quite sure why the president in his grand scheme in consension of government...
136
136
Feb 13, 2013
02/13
by
CNN
tv
eye 136
favorite 0
quote 0
sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could go to disney world almost for free except for the amount on the credit card. >> he didn't say for free. >> it is a big issue, though, because i will open it up to the idea for everybody here. you know you're at the ceiling, there is going to be a big part of the debate. do we extend the ceiling. have you a trillion dollar deficit but you say you will be budget neutral. seems to not add up to people. seems we have to start paying down debt as opposed to staying neutral. is it enough to be neutral? that's the question. >> the president was talkin
sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could...
74
74
Dec 13, 2013
12/13
by
ALJAZAM
tv
eye 74
favorite 0
quote 0
when it comes to trying to cut spending when it comes to trying to cut the deficit. when i was here in the 90's for the chicago tribune, and there was a drat make change towards china, and the whole motion became engaging. in the same way, the democrats are now just simply playing defense, and finding solace in what are rather modest victory. >> john boehner also point add finger at freedom works and other groups for pushing the fight. and shut down the government, isn't it smart politics for baner and the republicans? they saw that shut down strategy hurt them badly. they have now seen how the problems have helped them, so why not move forward? get this budget deal, focus on obama care, which some have said is going to be a gift that will keep on giving. >> well, absolutely. people -- the whole goal of defunding obama-care was not to subject the american people to 6 million insurance cancellations and climating. we were trying to stop that. and not use the pain and suffering of the american people as a political gain. when you look longterm, outside of the fourth en
when it comes to trying to cut spending when it comes to trying to cut the deficit. when i was here in the 90's for the chicago tribune, and there was a drat make change towards china, and the whole motion became engaging. in the same way, the democrats are now just simply playing defense, and finding solace in what are rather modest victory. >> john boehner also point add finger at freedom works and other groups for pushing the fight. and shut down the government, isn't it smart politics...
78
78
tv
eye 78
favorite 0
quote 0
back to the deficit for a second. here is of europe looking at projected total deficits of the next decade, all we did with this deal, kick the can down the road a little bit. 650 billion in at the -- estimad deficit reduction must not go far enough. it is marry and have a right? >> well, it is not the best policy in th world except for when compared to all the other policies they were considering, so there were on the brink of actually raising everybody's taxes by a far greater amount which would have harmed the economy much more. so there is that. it's not as bad as it cut a ban. the one thing, it kind of reminds us why we're havng the stock. it has been lost. the fiscal cliff was the result of all of the debt that we had been piling up and the tx increase on higher earners which does not fix that. they have to go after entitlements. that is where the rubber is really going to hit the road. gerri: can i tell you something that drives me of the fiscal cliff when i here all these details. foevery dollar in spending cu
back to the deficit for a second. here is of europe looking at projected total deficits of the next decade, all we did with this deal, kick the can down the road a little bit. 650 billion in at the -- estimad deficit reduction must not go far enough. it is marry and have a right? >> well, it is not the best policy in th world except for when compared to all the other policies they were considering, so there were on the brink of actually raising everybody's taxes by a far greater amount...
208
208
Jan 14, 2013
01/13
by
CNNW
tv
eye 208
favorite 0
quote 0
the consensus is, we need about $4 trillion to stabilize our debt and our deficit. which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. and by cin
the consensus is, we need about $4 trillion to stabilize our debt and our deficit. which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. and by cin